My friend is a business owner, which means she is a boss. Recently I heard her complaining that, it is getting hard and harder when she is asking their customer to pay her. She is a supplier and offer credit facility to her regular customer. Now, she plan to engage the debt collection agent to do the work for her as they are more professional into this. Yeah, they know the trick on how to collect debts.
I think is due to the recent recession and economy crisis, most of the retailer is having problem in their financial cash flow. Most probably restaurant is having the same problem too. A lot of people rather to cook at home than dining outside as it are not cheap to dine in a restaurant. Also, home cooked food is healthier and tastier.
The Ox year is not a good year as everyone is worry about the money. Those who work for the boss worry if they will be dismissed anytime and the bosses also worry if the business could survive till when …. And of course, when the economy will back to normal!!! Guess…. There is still a long long way to go…..
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